Flakes; of Potatoes Price in the UK - 2023
Contents:
- Flakes; of Potatoes Price in the UK (CIF) - 2023
- Flakes; of Potatoes Price in the UK (FOB) - 2023
- Flakes; of Potatoes Imports in the UK
- Flakes; of Potatoes Exports in the UK
Flakes; of Potatoes Price in the UK (CIF) - 2023
The average flakes; of potatoes import price stood at $2,140 per ton in August 2023, growing by 5.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.2%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 23% against the previous month. Over the period under review, average import prices hit record highs in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($3,582 per ton), while the price for France ($1,310 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Flakes; of Potatoes Price in the UK (FOB) - 2023
The average flakes; of potatoes export price stood at $3,162 per ton in August 2023, falling by -6.4% against the previous month. Over the period under review, export price indicated a moderate increase from August 2022 to August 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, flakes; of potatoes export price decreased by -6.4% against July 2023 indices. The pace of growth was the most pronounced in November 2022 when the average export price increased by 14% month-to-month. The export price peaked at $3,378 per ton in July 2023, and then shrank in the following month.
Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were the Netherlands ($3,967 per ton) and Kuwait ($3,590 per ton), while the average price for exports to Denmark ($2,791 per ton) and Israel ($2,997 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Flakes; of Potatoes Imports in the UK
In 2022, supplies from abroad of flakes; of potatoeses decreased by -3.9% to 34K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, imports reached the peak of 39K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, flakes; of potatoes imports amounted to $50M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of $54M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Flakes; of Potatoes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.6 | 8.9 | 10.2 | 11.2 | 5.3% |
| Netherlands | 13.3 | 13.6 | 13.8 | 9.8 | -9.7% |
| United States | 3.1 | 6.1 | 8.8 | 9.6 | 45.8% |
| Denmark | 4.7 | 6.2 | 6.0 | 9.5 | 26.4% |
| Belgium | 6.7 | 8.0 | 7.2 | 8.1 | 6.5% |
| Spain | 2.3 | 2.3 | 0.8 | 0.3 | -49.3% |
| Italy | 3.6 | 7.7 | 1.3 | 0.1 | -69.7% |
| Others | 1.6 | 1.1 | 1.2 | 1.2 | -9.1% |
| Total | 44.7 | 54.0 | 49.3 | 49.7 | 3.6% |
Top Suppliers of Flakes; of Potatoes to the UK in 2022:
- Italy (undefinedK tons)
- Netherlands (9.4K tons)
- Germany (7.6K tons)
- Denmark (6.9K tons)
- Belgium (5.9K tons)
- United States (3.6K tons)
- Spain (0.1K tons)
Flakes; of Potatoes Exports in the UK
For the fourth year in a row, the UK recorded growth in overseas shipments of flakes; of potatoeses, which increased by 1.1% to 4.3K tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 627% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, flakes; of potatoes exports fell slightly to $9.1M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 489% against the previous year. As a result, the exports attained the peak of $9.4M, and then reduced modestly in the following year.
| Export of Flakes; of Potatoes in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 3,157 | 2,364 | -25.1% |
| Denmark | N/A | N/A | 1,117 | 1,538 | 37.7% |
| Belgium | 2.2 | 1.8 | 1,501 | 1,354 | 750.6% |
| Norway | 1.5 | 217 | 878 | 1,086 | 797.9% |
| Israel | N/A | 134 | 1,097 | 1,077 | 183.5% |
| Oman | 784 | 631 | 483 | 507 | -13.5% |
| Kuwait | N/A | 41.9 | 365 | 344 | 186.5% |
| Spain | 77.7 | 66.6 | 141 | 177 | 31.6% |
| Ireland | 396 | 270 | 322 | 164 | -25.5% |
| Others | 324 | 241 | 374 | 519 | 17.0% |
| Total | 1,585 | 1,603 | 9,434 | 9,131 | 79.3% |
Top Export Markets for Flakes; of Potatoes from the UK in 2022:
- Netherlands (1434.6 tons)
- Denmark (734.7 tons)
- Belgium (612.6 tons)
- Israel (490.8 tons)
- Norway (400.5 tons)
- Oman (196.0 tons)
- Kuwait (110.4 tons)
- Spain (67.2 tons)
- Ireland (65.1 tons)
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